The company announced an operating profitof EUR 26.3m ($34.32m) for 2012 and higher revenue of EUR 280m, up 23%.

It did not give a comparative earnings figurefor 2011, but said last April it made a pre-tax and interest profit of EUR 41m.

It admitted the marine business was makinga smaller contribution, but said it was developing new services.

“Diversification, competence and innovationrepresented the strengths of our strategy in 2012,” said CEO Ugo Salerno.

“Although